Charlieab94
Short

USDJPY Short Trade Set Up *DAILY TREND 4hr TF ENTRY*

FX:USDJPY   U.S. Dollar / Japanese Yen
Nice set up forming on USDJPY with multiple timeframes coming in to alignment.

Daily timeframe is producing a new lower high with price rejecting the fib 0, 786 retracement level and a previous bullish trendline to act as resistance.

I will wait for the 4hr chart to produce a trend reversal set up before entering. I want a lower low and the bullish 4hr trendline to be broken before looking for short position entries on the next pullback.

The trade won't be valid for me until this happens.
Comment: Check out my blog for more analysis like this.

https://diaryofafinancekid.com
I also post FREE trading education and market analysis on my blog https://diaryofafinancekid.com
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out